Financial Sector Deepening – Micro, Small and Medium Enterprise Recovery Fund

by Tinashe Kaseke

  • $100,000.00

    Funding Goal
  • $0.00

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, Uganda

Tinashe Kaseke

204 Campaigns | 0 Loved campaigns

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Campaign Story

Financial Sector Deepening (FSD) Uganda is a Young Africa Works partner that availing funds to Savings and Credit Cooperative Organisations (SACCOs) and financial institutions like FINCA Limited Uganda, UGAFODE Limited Uganda, EFC Limited Uganda, and Pride Microfinance Limited Uganda. These institutions provide affordable loans to Micro and Small Enterprises that are led and owned by youth and young women to recover from the adverse effects of the pandemic.

Services targeting youths:

  • Youth and women owned business can access a loan size of Minimum $ 26 (UGX 100,000) to $ 3,000 (UGX 10,000,000).
  • The Microfinance Institutions (MFIs) who offer loans to young entrepreneurs are strengthened through business disruptions, supply chain challenges, liquidity shortages, declining sales and profits among others. The MFIs then provide affordable loans to young entrepreneurs especially women whose enterprises were negatively affected by COVID -19,
  • Young entrepreneurs in Agriculture/agribusiness, Light manufacturing, Construction, Tourism, Health, Education, Trade, and Services (transport & warehousing) are prioritized as new business that demonstrate credit worthiness.